The world in a glance.

Snap to slash workforce by 16%, saying AI has reduced need for repetitive work

Wall Street continues its trend of cheering news of large layoffs in the technology sector.

Nearly 60% of U.S. farmers say their finances are getting worse as fertilizer, fuel costs rise: Survey

Rising fertilizer costs tied to global shipping disruptions are squeezing U.S. farmers, forcing cutbacks that could reduce crop yields and supply.

European airports warn new border system causes up to three-hour delays

Operators in 15 countries report disruption as new EU electronic entry/exit system fully comes into force

My friend’s girlfriend went ‘ballistic’ after learning he gives his kids $19,000 a year. Is this a red flag?

“He spent $1,000 on his girlfriend at Christmas and several hundred dollars on each of her children.”

Trump’s push to cut US rates akin to ‘banana republic’, says Yellen

Fed chair nominee Kevin Warsh will lack ‘credibility’ in arguing rates should fall, says former Treasury secretary

Iran faces halt to oil production within weeks if US blockade succeeds

Tehran has a maximum of 16 days of storage before it will need to curtail its output

Starmer plans May relaunch with King’s Speech

Legislative package set to form crucial part of UK prime minister’s push to regain momentum after local elections

Iran used Chinese spy satellite to target US bases

Leaked documents show IRGC secretly acquired system and used it to guide strikes during war in March

‘Bifs’ replace ‘Piigs’ as Europe’s bond market whipping boys

Britain, Italy and France have borne the brunt of a sovereign debt sell-off sparked by the Iran war

Uber commits $10bn to robotaxis in strategy shift

Ride-hailing app races to make up lost ground with equity investments and vehicle order commitments

Private healthcare in the UK: helping or harming the NHS?

Critics worry the country is heading towards a two-tier system. Dentistry is a cautionary tale

Nvidia’s stock is on a 10-day winning streak. Here’s why investors are getting back on board with AI.

The AI trade has been full of uncertainty, but investors seem to be getting excited again

History says there’s a good chance we haven’t seen the stock-market lows yet

The U.S. stock market has suffered a significant correction in every single midterm election year since 1950, warns Lansing Street Advisors.

Trump says war ‘very close’ to end as Iran issues fresh shipping threat

US president says conflict could end ‘almost immediately’ as Tehran threatens to shut off all trade in Red Sea and the Gulf

US military says blockade of Iranian ports is ‘fully implemented’

Six vessels turned around when ordered to do so in the first 24 hours of the blockade, Centcom says

A new CEO and a deal with Uber aren’t enough to lift this EV maker’s struggling stock

The announcement comes amid concerns from investors about Lucid’s ability to stay afloat.

5 things to know about a potential airline merger of United and American

Even in a White House viewed as business friendly, a United and American combo would be bound to raise some serious concerns.

‘It is their fault’: My condo board forgot to bill for storage fees. Must I pay retroactively?

“They now intend to bill us for seven to eight months of storage fees.”

UK’s Help to Buy housing scheme mainly benefited higher earners, says think tank

Report by IFS says policy did little to increase affordability for those on lower incomes

OpenAI releases new cyber security model to limited group of customers

Launch of GPT-5.4-Cyber follows concern about ability of Anthropic’s Mythos to find software bugs

Lucid names auto industry outsider as CEO, expands Uber deal

Lucid Group has named the former chairman and CEO of Schindler Group, an industrial manufacturer of escalators and elevators, as its new chief executive.

Jamie Dimon says Anthropic's Mythos reveals 'a lot more vulnerabilities' for cyberattacks

The remarks show how a technology welcomed by corporations as a productivity boon can also pose serious threats, like uncovering new ways to hack into systems.

Why bitcoin’s next stop could be $98,000 after surmounting this key hurdle, technical analyst says

Bitcoin on Tuesday tested a key level that has blocked gains for months, as technical analysts watched for signs that the cryptocurrency may finally be ready to break out.

Amazon’s stock is on its best run since 2022 as Globalstar acquisition fuels rally

Amazon.com’s latest acquisition of a satellite operator has helped power a winning streak for the tech giant, as shares of the company rallied for the seventh consecutive day on…

What a United-American merger would mean, from antitrust hurdles to airfare

United Airlines CEO Scott Kirby reportedly floated a potential merger with Trump administration officials earlier this year.

As S&P 500 approaches record highs, this is what could derail the stock-market rebound

The S&P 500 was back near its all-time high on Tuesday as investors in U.S. stocks appeared content to look past the fact that the Strait of Hormuz was still mostly closed.

My friend’s girlfriend went ‘ballistic’ after learning he gives his kids $19,000 a year. Is this a red flag?

“He spent $1,000 on his girlfriend at Christmas and several hundred dollars on each of her children.”

The under-the-radar cities where new college grads can get a good job — and even afford to buy a house

A new ranking highlights cities with the best job opportunities, affordable housing, and quality of life for recent college grads. Here’s how today’s young workers can stand out…

Kevin Warsh’s Senate hearing to be Fed chair is next week. What to watch as Trump’s pick faces the spotlight.

Senate Banking Committee Chair Tim Scott said Tuesday that his panel will hold a hearing next week to consider President Donald Trump’s nominee for Federal Reserve chief, Kevin…

Tankers transiting Strait of Hormuz stop or turn around amid US blockade, data shows

US military says no ships pass through its operation to seal off Iranian ports in first 24 hours

5 things to know about a potential merger of United and American airlines

Even in a White House viewed as business friendly, a United and American combo would be bound to raise some serious concerns.

Fed chair nominee Kevin Warsh reveals assets worth more than $130mn

Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office

US stocks close higher after Trump floats new US-Iran talks within days

US president says meetings could happen this week in Islamabad but further discussions will take place in Europe

Reeves hits out at Iran war ‘folly’

Minister says she is ‘frustrated and angry’ with Trump over economic damage caused by the conflict

Wall Street banks break records as Iran war drives trading boom

JPMorgan Chase, Citigroup and Wells Fargo reported more than $25bn of profits for the first quarter

BlackRock profits jump as it draws in $130bn

Earnings for first quarter underline asset manager’s push into investment products that generate higher fees

‘She’s a smoker’: My mother, 55, has no car and no job. Should I buy her life insurance?

“My brothers and I are willing to split the cost of life insurance for her, if we can find a policy.”

UK chancellor Rachel Reeves hits out at Iran war ‘folly’

British politician says she is ‘frustrated and angry’ with Donald Trump over economic damage caused by the conflict

Trump says Meloni lacks courage

US president turns against Italian premier despite her being one of his few remaining allies in Europe

Citigroup beats estimates, boosted by gains in fixed income

Citigroup reported its best quarterly revenue in a decade and a 56% year-over-year jump in earnings per share.

Latham partners pocket record $8.7mn average pay

US law firm’s revenues surpass $8bn for first time on the back of megamerger mandates

Globalstar’s stock is soaring. Amazon is buying the company to challenge Elon Musk and Starlink.

Globalstar’s stock is heading toward an 18-year high on the back of an Amazon buyout deal, and has quadrupled over the past 12 months.

Wholesale inflation jumps to highest level in three years — but the news is not all bad

U.S. inflation at the wholesale level rose to a three-year high in March due to surging oil prices tied to the Iran war, but aside from energy, the increases in the cost of other…

Fed chair nominee Kevin Warsh reveals assets worth over $100mn

Trump’s pick to succeed Jay Powell reports $10mn in consulting fees from Stanley Druckenmiller’s family office

JPMorgan tops estimates on Wall Street results, Dimon flags 'increasingly complex' economic risks

JPMorgan CEO Jamie Dimon called the economy resilient, but pointed to an "increasingly complex set of risks" across global markets.

Wells Fargo sees little change in guidance despite spike in oil prices

The fourth-largest lender in the U.S. said its outlook for net interest income and noninterest expense in 2026 has remained unchanged

JPMorgan sees revenue surge in markets and investment banking, but here’s why the stock is pulling back

JPMorgan beat earnings expectations amid record market revenue, but a downbeat outlook for net interest income hurt the stock.

Fund-manager pessimism builds but it’s not at ‘close your eyes and buy’ levels, says Bank of America

The April FMS was eagerly awaited given the oil price shock caused by events in the Middle East. While sentiment darkened, though, investors seem reluctant to cut risk…

Space investing is heating up as SpaceX rockets toward a record-breaking IPO

Hype around Elon Musk, a major moon mission and space-based data centers is driving interest in the sector.

The ever-shrinking JD Vance

After a series of setbacks, the vice-president is no longer Trump’s obvious successor